Bronx
$4M for Industrial Building in Wakefield
An investor paid $3.725 million for an industrial building at 4510 White Plains Rd. in the Wakefield neighborhood of the… Read more
$4.5M for Westchester Sq. Apartments and Commercial
SKYC Management paid $4.55 million for a five-story building with 23 apartments at 1618 Benson St. in the Westchester Square… Read more
Developers Buy More Sites: News from Ariel’s “Coffee and Cap Rates” Presentation
The renewal of New York’s biggest tax break for development encouraged developers to buy more land in 2017. The number… Read more
Clarion and Taconic Pays $71M for Related Companies’ Portfolio
A partnership between Clarion Partners and Taconic Investment Partners paid $71 million for five apartment properties owned by Related Companies… Read more
Developers Plan to Renovate 1,700 Crumbling Public Housing Apartments
The New York City Housing Authority (NYCHA) has picked three more developers to help renovate 1,700 public housing apartments spread… Read more
$26M for Bronx Warehouse Complex at 1300 Viele Ave. and 1301 Ryawa Ave.
MRP Realty and AEW Capital Management paid $25.6-million for 1300 Viele Ave. and 1301 Ryawa Ave., a two-building, warehouse and… Read more
$179K-Per-Apartment for Highbridge Portfolio in Bronx, NY
An undisclosed investor paid $47 million for a portfolio of six buildings with a total of 263 apartments in the… Read more
Jamestown Buys 260 E. 161st St. on Busiest Bronx Office Corridor
Jamestown bought 260 E. 161st St., an office and retail building just a few blocks from Yankee Stadium on the… Read moreWomen in Real Estate Honoree: Wendy Rowden, 42nd Street Development Corp.
Wendy Rowden is an accomplished real estate professional who has dedicated her career to transforming communities. As president of 42nd… Read more
Nine Developments in Bronx and Brooklyn Win Low-Income Housing Tax Credits
Nine new apartment developments won federal 9% low-income housing tax credits (LIHTCs) in New York City’s annual competition, which announced… Read more
Sabal Closes $1B Freddie Mac Small Balance Loans
Newport Beach, CA-based Sabal Capital Partners closed $1 billion in Freddie Mac Small Balance Loans so far in 2017. The… Read more
Apartment Investors Rush the Bronx
The Bronx continued to lure apartment investors in the third quarter of 2017. Prices for apartment properties rose faster there… Read more
Work Begins on Bedford Green House, Affordable Housing with a Greenhouse
Project Renewal started construction on its Bedford Green House, a new, 13-story apartment building in the Bedford Park section of… Read more
$154,000-Per-Unit for Claremont Apartments
An investor paid $7.7 million for 1654 Monroe Ave., a building with 50 apartments near Claremont Park in the Claremont… Read more
Crushing Fines for Zombie Buildings
A new team of city officials will take a hard look at vacant and abandoned structures in New York City.… Read more
More Affordable Seniors Housing
New York City will seek proposals from developers to build 300 new affordable apartments for seniors on three underused sites… Read more
Development Booms in Brooklyn, Queens, Staten Island and the Bronx
New York City’s development boom is spreading far beyond Midtown Manhattan — thanks in part to public investment. “When you… Read more